Smartworks, India’s largest managed office space provider, has secured a major leasing deal by offering around 1.68 lakh sq ft of Grade-A office space to a leading IT services major in Kolkata. This significant transaction highlights the rising demand for flexible, fully managed workspaces among large enterprises, especially in fast-growing urban markets like Kolkata.
The leased space is part of Smartworks expanding portfolio of premium office solutions across India. Located in one of Kolkata’s prime commercial corridors, the new office is designed to support large-scale enterprise operations with modern amenities, high-end technology integration and collaborative working zones. This deal also reinforces Smartworks’ position as a key partner for corporates seeking agile, scalable and cost-efficient workplace environments.
Kolkata has been witnessing steady demand for office spaces driven by IT/ITeS expansion, improved infrastructure and growing investor interest. Large corporates are increasingly opting for managed office providers like Smartworks due to their ability to deliver ready-to-move, custom-designed workspaces with end-to-end facilities management. The 1.68 lakh sq ft lease is one of the biggest flexible workspace deals in the city in recent quarters, showcasing the region’s improving commercial real estate ecosystem.
Smartworks’ ability to cater to enterprise clients at scale has played an important role in its rapid growth. The company continues to expand its footprint across major cities including Bengaluru, Hyderabad, Pune, Chennai, Delhi-NCR and Mumbai. Its model prioritizes plug-and-play workspaces, advanced tech-enabled operations and vibrant employee-centric environments, making it an attractive choice for IT, BFSI, consulting and tech-enabled firms.
For Kolkata, this deal is expected to further boost confidence among developers and investors, as it signals steady corporate interest despite market fluctuations. The city’s office market has shown resilience, with rising absorption and decreasing vacancy in Grade-A assets. Smartworks’ new client addition is set to contribute positively to the overall commercial outlook.
As hybrid and flexible work models continue to evolve, the demand for managed offices is anticipated to grow further. Smartworks’ latest leasing success underlines its capability to meet the evolving workspace needs of large enterprises while strengthening its leadership in the managed office segment.
